Borealis Foods Inc.

NasdaqCM:BRLS Stock Report

Market Cap: US$132.5m

Borealis Foods Balance Sheet Health

Financial Health criteria checks 0/6

Borealis Foods has a total shareholder equity of $9.9M and total debt of $43.2M, which brings its debt-to-equity ratio to 436.3%. Its total assets and total liabilities are $63.6M and $53.7M respectively.

Key information

436.3%

Debt to equity ratio

US$43.21m

Debt

Interest coverage ration/a
CashUS$3.13m
EquityUS$9.90m
Total liabilitiesUS$53.69m
Total assetsUS$63.59m

Recent financial health updates

Borealis Foods (NASDAQ:BRLS) Is Carrying A Fair Bit Of Debt

Aug 16
Borealis Foods (NASDAQ:BRLS) Is Carrying A Fair Bit Of Debt

Recent updates

Borealis Foods (NASDAQ:BRLS) Is Carrying A Fair Bit Of Debt

Aug 16
Borealis Foods (NASDAQ:BRLS) Is Carrying A Fair Bit Of Debt

Borealis Foods: Interesting Product But Poor Investment Prospects

Jun 20

Financial Position Analysis

Short Term Liabilities: BRLS's short term assets ($15.1M) do not cover its short term liabilities ($28.7M).

Long Term Liabilities: BRLS's short term assets ($15.1M) do not cover its long term liabilities ($25.0M).


Debt to Equity History and Analysis

Debt Level: BRLS's net debt to equity ratio (404.7%) is considered high.

Reducing Debt: Insufficient data to determine if BRLS's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BRLS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BRLS has less than a year of cash runway if free cash flow continues to grow at historical rates of 10.9% each year.


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